Yahoo Finance·2025-10-14 18:00Core Viewpoint - Rayonier and PotlatchDeltic have agreed to merge in an all-stock deal, creating a leading U.S. land resources and lumber company valued at $7.1 billion in equity and $8.2 billion in enterprise value [1] Group 1: Merger Details - PotlatchDeltic shareholders will receive 1.7339 Rayonier shares per share, representing an 8.25% premium, resulting in Rayonier owning 54% and PotlatchDeltic 46% of the combined firm [1] - The new company will own 4.2 million acres of timberland across 11 states and operate seven wood products facilities [2] Group 2: Financial Expectations - The merger is expected to generate $40 million in annual synergies within two years and maintain a strong balance sheet with net debt of about 2.5 times EBITDA [2] Group 3: Leadership and Structure - Leadership will include Rayonier CEO Mark McHugh as CEO and PotlatchDeltic CEO Eric Cremers as Executive Chair for 24 months [3] - The headquarters will be located in Atlanta, GA, with regional offices in Spokane, WA, and Wildlight, FL [3] Group 4: Strategic Vision - The merger is described as a strategic merger of equals, aimed at delivering enhanced value for shareholders and stakeholders, with a shared commitment to sustainability [4]